Become a Creator today!Start creating today - Share your story with the world!
Start for free
00:00:00
00:00:01
Ep 53: TLDR Global Crypto Policy in 2025 (from MiCA to Abu Dhabi and beyond).
47 Plays3 days ago
Global crypto rules are changing fast, and 2025 is a turning point. We are joined by Elise Soucie Watts (Executive Director at Global Digital Finance), who discusses the big moves: MiCA in Europe, U.S. legislation, Asia’s innovation wave, and so much more.
Check out the GDF’s report here:
https://www.gdf.io/wp-content/uploads/2020/12/23.7.25_GDFDACxTokenizationReport_FINAL.pdf
Recommended
Transcript
Introduction to 'Owl Explains Hootenanny'
00:00:06
Speaker
Hello and welcome to this Owl Explains Hootenanny, our podcast series where you can wise up on blockchain and Web3 as we talk to the people seeking to build a better internet.
00:00:17
Speaker
Owl Explains is powered by Avalabs, a blockchain software company and participant in the Avalanche ecosystem. My name is Silvia Sanchez, project manager of Owl Explains, and with that, I'll hand it over to today's amazing speakers.
Demystifying Blockchain and Crypto Policy
00:00:33
Speaker
Okay, hi everybody and welcome to another one of our Owl Explains Hootenannies. And we have a question for you today. How can we understand what is happening in the crypto policy space without doom scrolling through 100 PDFs, news and Twitter threads?
00:00:49
Speaker
I know it can seem a bit daunting, but the reason why the owl exists is to explain not just blockchain terminology, but also policy. So today we're gonna go from Mika in Europe to Abu Dhabi's next level rule book and stablecoin moves in Asia,
00:01:03
Speaker
to the US s and so many things that are happening because the regulatory la landscape is changing quite fast. And if you think that this is just about crypto bros and meme coins, think again, because these are the rules that will shape the future of finance, ownership, and this next generation of the internet.
Global Web3 Policy with Elise Susie Watts
00:01:22
Speaker
And today we have got the perfect guide to join us on this episode. We have Elise Susie Watts, Executive Director at Global Digital Finance and a big voice in Web3 policy worldwide.
00:01:34
Speaker
Elise works with governments, global regulators, and industry leaders to create smart frameworks for crypto and digital assets. So if you're a policymaker, a builder, or you just want to understand how this all plays out, this episode is for you.
00:01:48
Speaker
So hi, Elise. Thank you for joining us. Hi. Thank you so much for having me. And what an intro. I hope I'm able to to live up to the OWL listeners and hopefully unpack some of this for you because there's definitely a lot going on.
00:02:00
Speaker
So much. But to get started, i am actually going to do something a bit different. i'm gonna ask a short question. I feel like we usually begin with long, explanatory questions, but just to get sort of like like an appetizer, like this little...
00:02:14
Speaker
a Opener, if you had to summarize the state of crypto policy 2025 in one sentence, what would it be? Okay, so just bear with me because I'm going to use a metaphor for this one. So I'm guessing a lot of people have probably seen the musical Hamilton.
00:02:34
Speaker
You know when they're just writing and writing and writing and there's papers fluttering around the stage and then they say, you know, man, the man is nonstop. That is crypto policy in 2025. It is writing, it is nonstop, and it is policy papers everywhere.
00:02:53
Speaker
That's such a great, honestly, that's like the best way to begin. And I think um it also poses a bit of a challenge, no, because this episode is pretty much crypto policy, TLDR for 2025, but it's kind of like fitting a whole book into a movie that's just two hours long. So like you said, it's just a lot of papers and stuff, but um we're going to try to synthesize it as best we can.
00:03:17
Speaker
Definitely.
US Crypto Policy Changes
00:03:18
Speaker
And yeah, I think that what I would say is like, you know, we'll go in this in rapid fire. However, like there's so much information that we can definitely share and things that people can read.
00:03:29
Speaker
Because as you pointed out in your intro, the regulatory frameworks are evolving so fast. And this is what's going to shape the foundation of how you can operate in this space. And so I'm really excited to get into it, but never fear if there's anything that we feel like we covered too quickly, or you want more information, please reach out to me and we can pick it up offline.
00:03:48
Speaker
Love it Love that. Yeah. The idea is to like open up the discussion because I think that a lot of this also happens offline when we're not um on the call on the podcast. Um,
00:03:58
Speaker
um This is like the opener. So we definitely, i think a good place to to start discussing crypto policy is Crypto Week. Now we had a lot of stuff going on in the US recently.
00:04:10
Speaker
So do you feel like the US is moving toward clarity or are we are we still in this enforcement first era? We're definitely not in the enforcement first era anymore.
00:04:23
Speaker
I think that the executive orders that have come out from the White House have made it really clear that that is no longer the direction of travel for the US. And we've also seen a lot of changing of the guard of the senior leadership for a lot of the federal authorities from the CFTC to the SEC to the OCC.
00:04:41
Speaker
So I think the complete change in the leadership of all the regulators, which signals a shift in tone, as well as all the guidance that they have put out, and in fact, the walking back of things like SAP 121 earlier this year, all turned away from that enforcement first era.
00:04:58
Speaker
That being said, and I think that you know you were right to mention Crypto Week because it was a huge you know moment last week with Genius being signed into law, Clarity of passing the House, and now moving to the Senate.
00:05:10
Speaker
Yes, we are moving to have that you know overarching framework in the US, but there's still a lot of work to do because, as I said, Clarity is now sitting with the Senate. Actually, just today, Senate put out their own version of market structure as well as a request for information and ah RFI that went out to industry to see what industry felt about Senate's new version.
00:05:33
Speaker
Those will then likely have to be reconciled. And obviously, lots of work for the anti-CBDC is still ahead. And then even once after all of these are signed into law, they then go to rulemaking. And I know we'll get into the EU later, but a metaphor I like to use is, you know, in the EU, we had the level one and then we moved to the level two where we had all of the technical standards.
00:05:56
Speaker
Similarly, in the US, you have the actual legislation, but then you need to get technical with the rulemaking. So we're not quite there yet, but we've definitely made some big steps in the right direction. And that's a good thing. I think it's about knowing that we're headed the right way, even if we still have a long way to go.
00:06:12
Speaker
But the fact that you can change and that direction by a couple degrees at the beginning is going to make a big effect in the long term. Even if we don't have a lot of speed, as long as we're okay pointing towards the right way and this is actually adding more clarity to the markets, I think that that's huge for the U.S. And of course, when we extend it to a global perspective, everything is is interconnected. So it's It's obviously a ah big thing like, okay, we have stablecoin legislation and we're shifting away from this. i don't know, like the way that I would say is like choking era, like this enforcement first era that was kind of scary and also uncertain if you were a developer, a creator.
00:06:52
Speaker
But like you said, oh we're we're moving away from that. And it's definitely, I think we've seen that rolled back. I think that we will see a lot less of that kind of enforcement action that we saw under the previous administration.
00:07:06
Speaker
Though I think one thing I would flag that's really important for listeners is that the reason that legislation matters so much is that things like executive orders or guidance can be very quickly overturned if we were to have another change of administration and change of tone.
00:07:23
Speaker
Things that are instead in law and that have been signed into law as legislation are much harder to change later on down the line. And so that's what we mean when we say it's actually building a really solid foundation for industry to scale. And that's why getting these things passed in the Senate and the House and then signed into law matters so much.
00:07:42
Speaker
Super important. And thank you for for highlighting that that difference. now Because we can have an administration that's very crypto-friendly right now, but this comes in waves. But if we have something that's much more solid, much more firm at the at the legislation level, that can add a lot of certainty to...
EU and UK Regulatory Efforts
00:08:00
Speaker
to both the people that are creating and that are interacting with the space, users, whatever a role they're playing in Web3, I feel like they can be a bit more more protected, more safe.
00:08:12
Speaker
um So now let's go to the EU. We have Mika being implemented, the markets and crypto assets and piece of regulation, but what's the biggest challenge firms are facing with this? What have you seen so far?
00:08:26
Speaker
What have been some of the the patterns you've been noticing? So I think an important nuance to note here is that the EU does have a very prescriptive way of moving forward when it comes to setting out its regulatory requirements.
00:08:42
Speaker
That means it goes into a lot of detail and it tells you not exactly what you need to do, but pretty close. And then that, you know, those regulatory technical standards, the RTSs and the ITSs are then implemented across all of the individual EU member states. And they do have some flexibility with how they implement it for national sovereignty purposes.
00:09:03
Speaker
However, while that is equally very, very important, it also means that you can have some discrepancies across different jurisdictions. And so I think one of the most common things I hear from industry at the moment is if they haven't decided already, firms are comparing different jurisdictions and trying to figure out where do they want to get licensed. And why that matters is because it could impact everything from How expensive will it be?
00:09:28
Speaker
How long will it take to get licensed depending on how quick their authorization process is or how many firms are in the queue? How easy is it to interact with the regulator? Are they a regulator that welcomes having dialogue with industry or are they a bit more closed off?
00:09:43
Speaker
And also, frankly, what is the reputation of that jurisdiction? Because not all EU jurisdictions have the same reputational either strengths or risk either. So it might be, for example, really easy to get licensed somewhere, but if they have a worse reputation, it might then be harder for you to scale either across the EU or outwards to other places like the UK as well.
00:10:04
Speaker
And so I think that those are all the things that I hear firms weighing up. But look, I think at the end of the day, The thing to remember is is that we've grappled with this in the EU before. When MIFID and MIFID II are implemented, they all have to be implemented across the member states. This always happens with EU legislation.
00:10:21
Speaker
I think the difference is, is because the crypto industry was largely unregulated before, they're coming and meeting this regulatory barrier for the first time. But I think that we'll get there. And I think, you know, there's still a lot of congratulations to be given to the EU for how far and how quickly they worked, because they really were one of the first to set out a comprehensive framework.
00:10:41
Speaker
And I think that's still why we see a lot of firms going there because of that regulatory clarity. Of course, and and that's something super important to remember because even if and there are still some some nuances, some things that they could have gotten better, we definitely have to give them the credit that they are essentially pioneering the policymaking space for for blockchain. Actually, okay, I think at the beginning they were a bit more open compared to the US. Thankfully, we're sort of bridging the gap now and a lot of other jurisdictions are are following that.
00:11:13
Speaker
But the fact that they were these... Trailblazers and okay being a bit more receptive is something we we can't forget and we'll continue to see how it continues to to play out with implementation and the licensing but I think the balance is overall positive um And you wanted to ask you, what about the UK? Because we have the Financial Conduct Authority, the FCA, and historically they were a bit cautious on crypto, but at the same time, the UK promised to make itself a global crypto hub. So how how close are we to that reality?
00:11:49
Speaker
So it's a really timely question because just last week in the UK, we saw the Mansion House speech published along with a bunch of Mansion House reforms where the UK has reiterated its commitments on innovation, dematerialization, as well as scaling DLT projects that they already have underway like Digit and the Digital Security Sandbox.
00:12:11
Speaker
um In asking kind of where we're at with the FCA, they actually are working along their own roadmap, which they published last year. And so we're actually seeing their framework evolve piece by piece.
00:12:21
Speaker
So this means like instead of having the big, massive framework like we saw with Mika, what the
APAC and Middle East Crypto Initiatives
00:12:27
Speaker
UK is doing is actually a little bit more similar to the US in that they consulted on market structure, and then they consulted on stablecoins, which is actually open right now until the 31st of July, and they're also consulting on prudential requirements until the 31st of July.
00:12:42
Speaker
So from the FCA's perspective, I think that they really did look at the EU and think, what can we learn from what's gone right and what's gone wrong? And a phrase you heard echoed a lot in the UK was, you know, we have a second mover advantage because we can learn from other frameworks.
00:12:58
Speaker
That being said, i think everyone now is like, okay, second mover advantage is fine, but you actually need to get on with it because otherwise people are going to go and get licensed elsewhere. And I think that's why you probably saw a lot of this commitment to growth and innovation coming out of the UK government last week.
00:13:14
Speaker
So my personal view is I think it still remains to be seen. The UK has diverged a little bit on some of their requirements, particularly around stablecoins, where what they have proposed at the moment for things like redemption and backing assets is actually quite different to what we see in the EU as well as what's past in Genius.
00:13:33
Speaker
So I think it will be interesting to see if that approach shifts after the consultation closes, given what's happening in the US s and also that 99% of the world's stablecoins are dollar backed.
00:13:44
Speaker
and the reciprocity provisions that are ingenious, I think that it will be very interesting to see if the UK takes a hold of that chance to align more closely to the US and then bring in more issuers because of the growth potential that stablecoins have for the UK economy. So remains to be seen, but definitely follow along the FCA's roadmap.
00:14:04
Speaker
um We're still expecting a few more consultations this year. Yeah. And it's very exciting. It's, it's like this TBD kind of part, like when you are watching a series, but they only release one episode each week.
00:14:16
Speaker
So like, okay, we're getting there, but we still have a bit of of stuff left and it's sort of like, there's still some consultations, things to be a a bit more adjusted, figured out. Um, and I liked what you said about, okay, you have the second mover advantage, good for you, but it's only good until a certain point because you actually have to, okay, get moving and not lose that momentum.
00:14:37
Speaker
um So we'll continue to see how it plays out in in the UK as well. Ask yourself, what's a wallet for? Bank cards, train tickets, spare change, maybe even a picture of your cat Fluffy.
00:14:50
Speaker
But what about a wallet that does more? Meet Core, the native crypto wallet for Avalanche. Mobile, desktop, however you work, it works around you.
00:15:01
Speaker
There's no messing around with exchanges. Upload funds directly from your bank account or Venmo just as easily as sending a PayPal transaction. You've probably got enough passwords to remember already, right?
00:15:13
Speaker
Log in with your Google or Apple account. No seed phrase memorization required. It's that easy. With multi-chain compatibility, Core lets you view and manage assets across Avalanche and other supported networks. all in one place.
00:15:29
Speaker
Pretty awesome. Then, there's a whole world of crypto apps and tools to explore, direct from your wallet. Get the wallet that does more. Download Core today.
00:15:40
Speaker
And continuing our our little trip around the world, we have to touch down in in Asia and APAC. So we have Japan and Singapore, Hong Kong and other APAC jurisdictions that have published a lot of consultations. So I wanted to hear from you what's working well there and why does APAC seem to get it faster than the West?
00:16:03
Speaker
Is APAC setting the tone for innovation friendly regulation globally? So I love this question, and I'm definitely going to try to do a rapid fire of all the things that are happening across Asia because there's so much at the moment.
00:16:16
Speaker
um However, I would also first touch on the fact that you know while we talked about Mika being you know one of the first comprehensive frameworks, we can't forget about Japan because they were one of the first as well to actually release rules around crypto and digital assets.
00:16:31
Speaker
which they're now updating, but APAC has always been at the cutting edge of innovation and also embedding a lot of these technologies, not just within financial services, but if you look at Singapore, for example, across the whole of the city, like it really is a smart city and they have that really innovation forward approach to everything that they do, you know, from the government all the way through to industry.
00:16:54
Speaker
Another thing I think is really interesting though when you say about you know getting it faster a little bit than other regions is that I often hear that the APAC jurisdictions are also really good at learning from each other.
00:17:06
Speaker
So they speak to each other, they look at the approaches that are being taken in different jurisdictions and also the ones that are being taken around the world and try to pick the best of all of those and then put forward something that works for their region.
00:17:18
Speaker
And so I think that kind of, you know, learn by observation and discussion and collaboration with other regions can also be super effective. um But yeah, let me just touch really quickly on a few things that are happening across the APAC region because there's a lot.
00:17:34
Speaker
um I'll start with Hong Kong, which is that the government released their second policy statement on digital asset development, and that was, they're calling it a LEAP framework. um So LEAP is legal and regulatory streamlining.
00:17:48
Speaker
um expand E is expansion of tokenized financial products. um A is advancing use cases and cross-sector collaboration. And then P is people partnership development
The Importance of Crypto Custody
00:18:00
Speaker
aimed at talent cultivation.
00:18:02
Speaker
And so I think that really speaks back to what I was saying at the beginning. It's this whole of ecosystem approach that they're taking a regulation that's super effective. um There's also a couple of ongoing consultations in Hong Kong on licensing and digital asset custody as well.
00:18:19
Speaker
um And then moving on over to Singapore as well, ah they we have seen some enforcement actions in Singapore, um But again, this is something that they're very focused on protecting their retail population. And so I think something that's very important to them and will, you know, remain is a longstanding requirement. They've had these rules in place for a while.
00:18:39
Speaker
um We've seen in South Korea with a change of government that they were very friendly and pro-crypto, almost kind of similar to what happened in the U.S. s is they had a massive change of government that then was quite pro-crypto.
00:18:51
Speaker
However, if we expected to see a Digital Innovation Act coming out of South Korea that we haven't quite seen yet. So we're still waiting for further developments. And then last on my very quick tour ah will be Japan, which is that they are proposing some amendments to classify cryptocurrencies um under their Financial Instruments and Exchange Act.
00:19:12
Speaker
So basically, that means crypto would be recognized as a financial product. So lots of exciting developments happening in APAC, and I'm sure we could talk a lot more about it. um But I really wanted to highlight those because I think it's really important to note these developments.
00:19:27
Speaker
Definitely. and i think that was a really good overview of what's happening there. um But before moving away from Asia, I wanted to ask, what about the UAE? What's happening? Because I feel like they're going next level with the rule books, what we've seen in Dhabi. So do you think that are they also on the path to becoming a global hub for crypto policy leadership?
00:19:50
Speaker
Definitely. So yeah, we couldn't have this conversation without talking about Abu Dhabi and Dubai, because to my mind, I actually think that these are probably the biggest challengers for firms at the moment.
00:20:04
Speaker
We obviously see the US making a big push for growth in the crypto and digital asset space. I think the Abu Dhabi and Dubai are kind of closely rivaling that. And I think it comes down to what you said, which is they do have really compelling regulatory frameworks.
00:20:19
Speaker
They also engage a lot with industry and not just engaging themselves on these are regulations, but also creating an environment where the whole of ecosystem can speak. They're connecting, you know, VCs and startups.
00:20:33
Speaker
They are providing support for all levels across the licensing process, even when it comes to you know, things like thinking about how firms will get office spaces and things like that. In Dubai, for example, they're already looking at tokenizing land registrations and things like that, which super progressive approach from the government. And so I think that when you think about, again, it's this whole of ecosystem approach and support and truly wanting to have the industry scale, um that it can be really effective in attracting firms. And of course, you can't ignore as well that there is a lot of capital um in the Middle East that is looking to be deployed. And so it's a great place for people to grow and build and scale. And I think we'll see a lot more moves there. I certainly feel like I hear of a lot of people moving there, and I think that will continue.
00:21:21
Speaker
Yeah, we'll we definitely continue to see how how that plays out. and And know we could continue talking about, you know, jurisdictions and what's happening in each place. We but don't really have the time to cover what's happening in Latin America or Africa or Australia. like There's a lot of things, but I wanted to do like this overview for these Larger markets right now because they also sort of set the tone because as we were mentioning earlier even though there's one leader at the moment with legislation with policy on blockchain It sort of creates this ripple effect as maybe some
00:21:59
Speaker
At a higher pace than others, but what we've noticed is that, okay, we're starting to get more clarity and and that's always a ah good thing. um But if policy is the foundation, now we also need to talk about...
00:22:13
Speaker
groups and how we can get this coordination in and regulation. Because I'm not talking about harmonized regulation, because I think that's a bit too idealistic.
00:22:24
Speaker
But i'd like to know, okay, with FSB, IOSCO, groups like GDF in the mix, how can we realistically get global alignment? So I'd like you to share a bit more about the the work you're doing and what you guys are are working on, initiatives that people can also follow. So yeah, tell us more.
00:22:44
Speaker
Well, very happy to. And look, I think that this is one of now the most common next topics of discussion that we're going to see. And I think leading into next year and even towards the end of this year, this is going to be a key focus area, which really does follow on naturally. Because if you think about how we're building regulations, step one is you get your regulations in place for your jurisdiction,
00:23:09
Speaker
thinking about what's happening in other places, but really you need to kind of sort your own house out first. Step two is how does this then work with the rest of the world? How do I enable businesses that want to operate in both places? How do we make their paths smoother?
00:23:25
Speaker
How do we attract capital and new businesses to come into our jurisdiction that are already operating elsewhere? And so I think that the way I think about mutual recognition, reciprocity, you know, bilateral, multilateral agreements, however you want to frame it, really, this should be part of the growth strategy, not just for industry, but this is for for governments as well. Because if really, if you think about, you know, distributed ledger technology, cryptocurrencies, Web3, at the heart of it, these are global decentralized technologies.
00:23:59
Speaker
They find their most powerful use cases in being cross-border. And so if we don't enable our regulatory frameworks to also be cross-border, we're effectively cutting off at the knees the ability of this industry to truly scale.
00:24:15
Speaker
And so to me, this is absolutely vital as the next step. So What are we doing to try to make that happen? There's a few things that I think are of of critical importance. One, we need to make sure that we are building in reciprocity and equivalence, functional equivalence, not perfect equivalence, but were we need to make sure we're building in these provisions for international cooperation at the outset.
00:24:38
Speaker
Genius has these provisions in them. The new market structure draft released by Senate Banking has these international provisions in them. um The UK has committed to global cooperation and even the EU, MECA doesn't currently have equivalence provisions, but it is said that it might be open to considering that now that there are more regulatory frameworks.
00:24:59
Speaker
coming online. And so one thing that we do at GDF is when we're responding to consultations, that's something we always make sure to include. But the next step is actually trying to help regulators in figuring out the how to do that.
00:25:13
Speaker
And so one thing that we're looking at is how we compare various stablecoin regulatory frameworks across the world taking it from a first principles approach. We also participate in IOSCO working groups. We're part of the IOSCO AMCC and that's another really important global forum. You mentioned standard setters.
00:25:31
Speaker
Finally, I'd also flag that this is something that can be driven by regulators themselves. So the FSB, the Financial Stability Board, they actually conduct are in the process of conducting a peer review.
00:25:43
Speaker
where they actually assess different FSB jurisdictions and see where there's the greatest fragmentation in those frameworks. Kind of like if you think about how FATF has a gray list. I'm not necessarily suggesting that FSB has a gray list, but these types of peer reviews can highlight where some jurisdictions might be going a little bit astray from global norms. and so To my view, it really is the responsibility of us as industry and convening bodies of industry to feed back to regulators where there are problems and also where they can work towards alignment, but also of regulators to assess against each other and think about how they can agree principles amongst themselves so that they can drive that harmonization in their own individual frameworks.
00:26:26
Speaker
So... lots of work ahead but I think this is definitely going to be probably the biggest topic in terms of regulation for the next like three to five years because it takes a long time to work this out yeah of course and it's one thing when you have it on paper and then it's another thing when it's actually being implemented and the whole theory versus practice debate I think and this is an area where it's very evident and there are delays and things and it can be a bit like um choppy sometimes and just like you you want more but you have to also be patient but it's it's encouraging to see that we have
00:27:02
Speaker
we have noticed progress and that we're continuing to head in that direction. And just really quick, because I know that we're talking about policy and the advancements, but an important thing in this space is custody because custody is the cornerstone of trust, especially in web three.
00:27:21
Speaker
So why is custody such a big conversation in 2025? What has changed in the past couple of years? Well, I mean, guess I would say I feel like a lot of people who have been building in this space for a long time would probably say, we've been focused on custody forever. What are you talking about? But I do think it's become more of a big topic for a few reasons. One, custody is being brought into the regulatory perimeter. So all of those things we talked about, lots of these frameworks around the world are going to have provisions for custody.
00:27:53
Speaker
That means it shines more of a spotlight on it because there's more requirements for what you can and cannot do, um as well as potential you know fines if people don't get the custody solution right.
00:28:04
Speaker
um But two, I think we have seen a lot more institutional involvement in the custody space as well. And I think that there's still a lot of room for discussion on the importance of institutional custody offerings as well as self custody.
00:28:18
Speaker
And I think that we really need to make sure that we talk about both the differences and the benefits of both of these and what the use cases are for all of them to both help the public and private sector to understand where they fit.
00:28:30
Speaker
um Because I think it's really important that in a Web3 future that we have both. um And that neither are kind of discriminated against, but they fit the use cases. And I think that, you know, our current custody rules and regulations are not necessarily fit for purpose when we think about self-custody and self-hosted wallets.
00:28:49
Speaker
And so I think that we will need to see some adjustments, some progressive regulatory proposals, but also some adjustments um even when it comes to, you know, institutional custody solutions because but there is a difference to what we can do with these new technologies.
00:29:05
Speaker
And actually we have a report on digital custody that will be coming out ah later this week. So I'll make sure to share that with you because it talks about what the future of custody could look like. So a really exciting space for sure.
00:29:16
Speaker
Oh, that sounds exciting. And yes, please send us the link because we also want to attach it on on the description and pretty much like we were saying earlier, like this is just sort of the the sampler, kind of like when you're in a restaurant and you have like this plate for little things, but if you want more of something, you can dive deeper, order the bigger plate. In this case, okay, you're going to read the report and have a lot of resources um because I think that's why we we have these conversations. We have these spaces online.
00:29:45
Speaker
Not just to, okay, basically mention this is happening, but also why and what else can can people learn about this? What else can we can we do? um Because I think if, like I said, if we continue to talk about this, we would have like two and three hours and have this extended forever. but Definitely.
Conclusion and Further Resources
00:30:05
Speaker
it int But it was, it was great to talk to you. Honestly, I also learned a lot in the way that you just synthesize everything so well. And I'm sure that our listeners will also enjoy this as well. So thank you once again.
00:30:19
Speaker
And thank you for having me. It was so much fun. Yeah. So for our listeners, that was your TLDR on global crypto policy in 2025. But thank um but Feel free to check out the global ah digital finance at gdf.io to also visit owlexplains.com. We have the tree of Web3 wisdom for more principles about Web3 regulation worldwide.
00:30:43
Speaker
Follow Elise on socials and also follow the owl on Instagram. We recently opened an Instagram for the visual learners because... I think that we're not just targeting policymakers on LinkedIn or the bros at Crypto Twitter. We also want this to make ah this as inclusive as possible and for younger generations, for students, because education is one of the key things in this space. You can have an excellent technology, but it's so important to have the people accountable. acquainted well, but educated with what's happening with the technology, because that's how we can drive smart adoption. So once again, thank you so much, Elise, and thank you all for listening. And we'll catch you at one of our next Hootenannies.
00:31:25
Speaker
We hope you enjoyed our Hootenanny. Thank you for listening. For more hootful and hype-free resources, visit owlexplains.com. There, you will find articles, quizzes, practical explainers, suggested reading materials, and lots more.
00:31:40
Speaker
Also, follow us on Twitter and LinkedIn to continue wising up on blockchain and Web3. That's all for now on Owl Explains. Until next time.